A contract is a promise with a memory. Most companies treat it like a PDF with a pulse. Ajay Agrawal saw the gap years ago. As a securities lawyer at Simpson Thacher and Debevoise, then at N.M. Rothschild and Goldman Sachs, then building UnitedLex with Daniel Reed, Ajay Agrawal watched enterprises sign beautiful agreements and then promptly forget them. Billions promised. Billions leaking. He once pegged the global cost of that amnesia at $2 trillion–$3 trillion. Casual. So in 2012, Ajay Agrawal, Kanti Prabha, Aditya Gupta, and Claude Marais decided contracts deserved a nervous system.
Sirion just closed a majority investment from Haveli Investments in a transaction valuing the company at approximately $1 billion. Strategic recap, not a victory lap. Haveli is expected to take up to 90%, providing liquidity in Sirion’s second employee event and clearing out earlier institutional backers including Peak XV Partners and Tiger Global. William Blair advised Sirion. Paul, Weiss handled legal. Moelis advised Haveli, with Latham and Watkins as counsel. When the adults in the room line up like that, you know this is not a hobby.
Sirion is not a filing cabinet. It is an AI native contract lifecycle management platform that acts as the system of record for contractual data and performance. Over 7 million contracts. Nearly $800 billion in contract value under management. More than 1 million supplier and customer relationships. 200+ enterprise customers across 70+ countries. Revenue growth north of 40% annually for 5 years, nearly 50% by Ajay Agrawal’s own account, and recently profitable. That is how you earn a $1 billion valuation without lighting cash on fire for warmth.
The product has teeth. SirionOne sits on agentOS, an AI native operating system blending proprietary small language models with frontier LLMs. AskSirion delivers a 360 conversational contracting experience. Search Agent. Draft Agent. Issue Detection Agent. Redline Agent. Extraction Agent. Playbook Agent. This is agentic AI with a job description. Contracts move from static storage to living workflows. Review cycles drop from days to minutes. Cycle times fall by nearly 50%. In focused use cases, acceleration hits 80%–90%. Clients have realized over $2.2 billion in hard savings and cut manual governance effort by 60%. That is not marketing. That is margin.
Kanti Prabha drives product and innovation with the discipline of someone who built software before it was fashionable. Aditya Gupta architects the stack across Gurugram and beyond. Puneet Bhakri leads revenue after a long run at EY. Rajeev Kumar owns customer outcomes. Yati Agarwal keeps the numbers honest as CFO. Aravind Aluri shapes product direction. Devinder Jeet Singh tells the story. Siddharth Chatterjee builds the team. This is depth, not decoration.
Haveli, founded by Brian Sheth after co-founding Vista Equity Partners, brings software buyout muscle and operational rigor. This is capital paired with conviction. The enterprise CLM market is projected to hit $3.3 billion by 2027. Sirion is already embedded with SAP S4HANA, SAP Ariba, Salesforce, Microsoft 365, Oracle, AWS, Azure. ISO certified. SOC attested. Built on Amazon and Microsoft cloud. Recognized by Gartner, Forrester, IDC, Spend Matters, Deloitte. The scoreboard is crowded.
